Aristotle Atlantic Partners LLC Buys 20,574 Shares of Coinbase Global, Inc. $COIN

Aristotle Atlantic Partners LLC increased its stake in shares of Coinbase Global, Inc. (NASDAQ:COIN) by 564.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,216 shares of the cryptocurrency exchange’s stock after buying an additional 20,574 shares during the quarter. Aristotle Atlantic Partners LLC’s holdings in Coinbase Global were worth $5,476,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Coinbase Global by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 26,400,836 shares of the cryptocurrency exchange’s stock worth $5,970,285,000 after buying an additional 184,043 shares during the period. Geode Capital Management LLC lifted its position in shares of Coinbase Global by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 6,098,062 shares of the cryptocurrency exchange’s stock worth $1,374,080,000 after buying an additional 189,080 shares during the period. Paradigm Operations LP lifted its position in shares of Coinbase Global by 3.3% during the 4th quarter. Paradigm Operations LP now owns 4,262,458 shares of the cryptocurrency exchange’s stock worth $963,912,000 after buying an additional 134,425 shares during the period. Norges Bank bought a new position in shares of Coinbase Global during the 4th quarter worth approximately $656,744,000. Finally, ARK Investment Management LLC lifted its position in shares of Coinbase Global by 6.1% during the 4th quarter. ARK Investment Management LLC now owns 2,541,928 shares of the cryptocurrency exchange’s stock worth $574,832,000 after buying an additional 146,388 shares during the period. Institutional investors own 68.84% of the company’s stock.

Coinbase Global Stock Down 2.6%

Shares of NASDAQ:COIN opened at $164.91 on Thursday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $184.76 and its two-hundred day moving average price is $201.96. Coinbase Global, Inc. has a 12 month low of $139.36 and a 12 month high of $444.64. The firm has a market cap of $43.45 billion, a P/E ratio of 62.00, a P/E/G ratio of 5.98 and a beta of 3.32.

Coinbase Global (NASDAQ:COIN) last posted its quarterly earnings data on Thursday, May 7th. The cryptocurrency exchange reported ($1.49) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($1.55). Coinbase Global had a return on equity of 4.16% and a net margin of 12.20%.The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm earned $0.24 EPS. The business’s revenue for the quarter was down 30.5% on a year-over-year basis. As a group, research analysts forecast that Coinbase Global, Inc. will post 1.74 EPS for the current fiscal year.

Insider Buying and Selling at Coinbase Global

In other news, Director Frederick R. Wilson sold 10,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $181.54, for a total transaction of $1,815,400.00. Following the transaction, the director owned 30,000 shares of the company’s stock, valued at $5,446,200. This represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Alesia J. Haas sold 10,020 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $200.00, for a total value of $2,004,000.00. Following the transaction, the chief financial officer directly owned 377,201 shares in the company, valued at $75,440,200. This trade represents a 2.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 30,647 shares of company stock valued at $5,740,941 over the last ninety days. Company insiders own 16.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on COIN. HC Wainwright cut their target price on shares of Coinbase Global from $350.00 to $310.00 and set a “buy” rating for the company in a research note on Friday, May 8th. BTIG Research reiterated a “buy” rating and issued a $280.00 target price on shares of Coinbase Global in a research note on Wednesday. Rothschild & Co Redburn lifted their target price on shares of Coinbase Global from $254.00 to $263.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Robert W. Baird cut their target price on shares of Coinbase Global from $160.00 to $142.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Finally, B. Riley Financial cut their target price on shares of Coinbase Global from $243.00 to $203.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. Eighteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Coinbase Global presently has an average rating of “Hold” and a consensus target price of $250.65.

Trending Headlines about Coinbase Global

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Analysts at multiple firms reaffirmed bullish ratings on Coinbase, with price targets ranging from $220 to $280, signaling confidence in upside from current levels.
• Positive Sentiment: Jefferies said Coinbase’s expansion into tokenized equities and AI could broaden its addressable market and strengthen its “everything exchange” strategy.
• Positive Sentiment: Coinbase launched AI-powered investing tools, including an AI investment adviser, alongside new trading features such as tokenized stocks, pre-IPO exposure, and portfolio transfers, which may improve user engagement and revenue diversification.
• Positive Sentiment: Coinbase’s move into tokenized U.S. equities, dividend-bearing onchain assets, and expanded stock/ETF trading could help it compete more directly with traditional brokerages and fintech platforms.
• Neutral Sentiment: Coinbase-linked political spending and pro-crypto election results, such as the Alabama Senate runoff win backed by a crypto PAC, suggest improving regulatory and political momentum for the industry. Article Title

About Coinbase Global

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.